Examlex
In large manufacturing organizations,the operations function tends to adopt a passive role in strategic planning,relying on the functional areas of marketing and finance to establish the strategic direction of the organization.
Socio-economic Status
A combined measure that typically includes a person's income, education level, and occupation, used to classify individuals or groups in a hierarchy.
Meritocracy
A system where individuals' success and social standing are based on their talents, effort, and achievements, rather than on wealth or social class.
Social Status
An individual’s position within the class structure.
Class Structure
A society’s economic hierarchy that categorizes groups of people based on their socioeconomic status.
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